Help with a staking deal...

[phatjeffrey]

Hey, got a question, never been involved in any staking deals before..

I had to withdraw everything a while ago and now a friend is offering to stake me so that i can play HU SNGS.

Anyone know how deals like this are "done" ?

A couple of questions that i can think off right now...

1) what percentage should i keep and should he get from winnings?
2) If i were to have a huge downswing and lose it all, am i responsible to pay anything back ?
3) when does the deal end? If i keep winning and move up does he still get the same % ... etc...

Id appreciate some help thx..

[oakley77]

1)u give him 50 % profits and u keep 50% profits.
2) He pays for all losses
3) Set a date or amount of sngs... this will vary the most

[stinkypete]

[ QUOTE ]

1) what percentage should i keep and should he get from winnings?
2) If i were to have a huge downswing and lose it all, am i responsible to pay anything back ?
3) when does the deal end? If i keep winning and move up does he still get the same % ... etc...

[/ QUOTE ]

1, 2 and 3 will all depend on one another.

[Proline Fiend]

1. If this is his first time staking you, i would expect him to take a little more of the profit, maybe 55/45.

2. You are not responsible if you lose it all.

3. Set a date or amount of sngs... this will vary the most

[phatjeffrey]

its online and i live in a country with no taxes [img]/images/graemlins/cool.gif[/img] on poker winnings.. I doubt HU sngs exist anywhere live anyways..

Thx..

[a nonymous]

[ QUOTE ]
lol don't forget about taxes if its live poker and for a larger amount.

[/ QUOTE ]
Great post. (And what was funny?)